About us >> Overview

With the aim to provide affordable shelter to all, Panthoibi Housing Finance Company Limited (PHFCL) was established on 7th September 2005. Since 2005, the company has been growing significantly and in 2009, the company became the first housing finance company in the entire North East India to get the National Housing Bank license (NHB), wholly owned by Reserve Bank of India. As shelter is the basic need of every individual, the company has been providing housing loans to both rural and urban areas in Manipur.

A significant turnaround came in the company’s business operations, when an MoU was executed between the company and the Government of India (NHB as Central Nodal Agency) in 2015, to avail Pradhan Mantri Awas Yojana-Credit Linked Subsidy Scheme (PMAY-CLSS) housing loans to Economically Weaker Section (EWS) and Low Income Group (LIG) of households in Manipur and beyond. Under the PMAY-CLSS, a household with a monthly income of less than ₹ 50,000/- if avail a home loan of minimum ₹ 6 lakhs (PMAY-CLSS Urban) and ₹ 2 lakhs (PMAY-CLSS Gramin) for a tenure of 20 years can avail subsidy of Upto ₹ 2.67 lakhs for urban areas and ₹ 38,000 for rural areas, respectively from the government of India. Henceforth, PHFCL has become the only Manipur base housing financial institution providing CLSS loan in the State. Till 2017, three MoU’s were executed between the PHFCL and the Government of India (NHB as Central Nodal Agency) to avail PMAY-CLSS loans to EWS, LIG, Middle Income Group (MIG) I and II, and Gramin.

The company was incorporated with the ROC on 19th January 2006, under the Companies Act. 1956 in the Ministry of Corporate Affairs, Government of India. The company was registered with the National Housing Bank on 1st October 2009 as a Housing Finance Company. It was issued with the certificate of Commencement for business on the 2nd of November 2009, by the Ministry of Corporate Affairs, Government of India. It was specified as a Financial Institution by the Ministry of Finance, Dept. of Financial Services, Government of India on the 18th December 2015 under the SARFAESI Act. The company’s head office is located at Uripok Tourangbam Leikai, Imphal West. The company has four branches in Manipur located at Nambol, Moirang, Bishnupur, and Kakching and one branch in Assam at Silchar.

The company’s product portfolio includes Regular Home Loan, CLSS Home Loan (urban home loan and rural home loan), and Non-housing Loan (loan against property). As on 31st March 2018, PHFCL has sanctioned a total loan amount of ₹ 20.11 Crores including subsidized home loans under PMAY-CLSS to the people of Manipur. As on 31st March 2018, the company’s equity paid up capital from shareholders stands at ₹ 9.49 Crores, Net Owned Fund (NOF) at ₹ 11.82 Crores, and Authorized Capital at 15 Crores. With our business operations, we are able to bring economic and social changes in the society.

Vision:

To deliver the dream of owning home by providing access to housing finance and easy home loan solution to our customers